Which of the Following Partially Explains Why Cash Management Services

question 98

Multiple Choice

Which of the following partially explains why cash management services have not attracted customers in Europe to the degree that they have in the US?

• A)Prevalence of nationwide branching and banking in Europe.
• B)Prevalence of interregional banking restrictions in Europe.
• C)Prohibitive charges imposed for the use of domestic telephone lines in Europe.
• D)Prohibitive charges imposed on such services in Europe.
• E)None of the options.

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Definitions:

Journal Entry

An accounting record of a business transaction, indicating the financial effects on the company's accounts.

Petty Cash

A small amount of cash on hand used for covering minor expenses in a business, such as office supplies or postage.

Accounts Receivable

Outstanding payments that clients are obligated to pay a company for received goods or services.

Various Accounts

Different types of accounts managed within accounting, including assets, liabilities, equity, expenses, and revenue accounts.